Companies Delay Dividend Payments for Over a Decade

Sông Đà 12 Joint Stock Company announced the postponement of its 2011 dividend payment to June 30, 2028, marking the 10th delay due to ongoing financial difficulties and unrecovered debts. Auditors reported a cumulative loss of over 233 billion VND and a negative equity of over 167 billion VND, raising doubts about S12’s ability to continue operations. Similarly, Sông Đà 4 has postponed its dividend payment from June 30, 2025, to June 30, 2026, due to unrecovered receivables. Simco Sông Đà seeks to delay the 2011 and 2013 dividends until 2027, citing investments in a marble project in Myanmar. Additionally, HCMC Infrastructure Investment has suspended cash dividend payments for Q3 to focus funds on a highway project.